Archives - 02 December 2012, Sunday

Bitcoin Adoption Right on Schedule Published December 2, 2012 Uncategorized Leave a Comment BloombergBusinessWeek reports that some Iranians are turning to Bitcoin in the face of economic uncertainty, because US dollars are difficult to obtain: Under sanctions imposed by the U.S. and ...

Following something as futuristic as the virtual currency called Bitcoin seems sort of off the wall and kind of silly. First of all, this virtual currency has value, real money value, once you find a trader to convert them to dollars pounds or euro if you want to bother. Looking at so...

"One of the predictions that I posted might happen when the mining reward dropped from 50 BTC to 25 is that GPU Miners will get switched off because the price in electricity to run them would far outweigh the bitcoin reward they generate, I proposed that this would lead to a drop in t...

Bitcoin’s designers envisioned their baby as less of a traditional fiat currency and more a commodity like gold, of which there is a finite amount. As such, there will be rises and falls in Bitcoin’s value, but no wild inflationary surges. This theory will be tested as a result of thi...

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Mr Osborne is preparing to deliver the Autumn Statement on Wednesday, in which he is expected to announce another extension to the Government’s austerity programme. Spending cuts and tax rises are now expected to last until at least 2018. The Chancellor indicated yesterday that he was...

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I disagree. inflation is _a_ motivator for exchanging currency for other assets/services. But i don't think it is a primary motivator. Inflation/deflation is only a strong motivator in abnormal circumstances. With 2-3% inflation my primary motivation for buying things is way more abou...

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Bitcoin’s designers envisioned their baby as less of a traditional fiat currency and more a commodity like gold, of which there is a finite amount. As such, there will be rises and falls in Bitcoin’s value, but no wild inflationary surges. This theory will be tested as a result of thi...

Re-wire NASA to become a mining machine; this can also be applied to any other government agency with lots of dormant hardware, thus becoming the owner of Bitcoin, and all of it’s users, more or less. Simply set up a bot which purchases bitcoins all day long with unlimited Federal Res...

How anonymous are Bitcoin transactions? How many bitcoins will there eventually be? How did transaction fees work in the version 0.3.24? Are there any feasible methods of maliciously reversing transactions? Is there a way to undo transactions with a “too low” fee? How would I hand cod...

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In the last decade the cybercrime had made a substantial leap forward of the main threats to the security of each government. The turnover has reached unimaginable numbers attracting ordinary crime and creating new partnerships between organized crime and cybercrime making impossible ...